Alleged bribery and fraud are at the center of the case against Beasley, who worked under ex-Detroit Mayor Kwame Kilpatrick until 2008. He resigned when Kilpatrick left office in 2008 after pleading guilty to perjury as a result of the text-message scandal.

Kilpatrick is facing similar accusations in a trial that is currently underway in federal court. He could face up to 20 years in prison if proven guilty.

The indictment claims that Beasley, who served on Detroit's general and police and fire pension funds, accepted bribes in exchange for his promise to support Dixon's efforts.

Kilpatrick, who is embroiled in his own pending corruption case, also sat on the same retirement boards with Beasley.

Onyx received $25 million from the two Detroit pension funds and another Pontiac Fund.

Cumulatively, the funds suffered a $23.8 million loss.

Beasley demanded and received greater than $100,000 in bribes to support companies wishing to work with the pension funds and demanded they contribute to the Kilpatrick Civic Fund, a nonprofit, in order to approve their investment requests.

Dixon donated $45,000 to the Kilpatrick Civic Fund and is additionally accused of embezzling $3 million in investment funds his company received.

The U.S. Attorney's Office issued a release Monday with this excerpt:

The indictment adds a charge against Beasley for taking a bribe from Dixon in the form of the family vacation. Beasley is also charged with five counts of extortion. He demanded $10,000 from persons doing business with the two pension funds at a “birthday party” in his honor. He demanded $250,000 from the owner of an investment company in exchange for support of $44 million in investment monies. He demanded and received $20,000 from Marc Andre Cunningham, an aid to former Mayor Kwame Kilpatrick, who acted as a consultant for a communications company that received $30 million from the two pension funds. Beasley and his co-conspirators demanded and received trips, private plane flights, and entertainment from an investment manager of the Police and Fire Retirement System, who managed $150 million in properties.